OG Cannabis Insurance Blog

The insurance game is an ever-changing environment, especially in the Cannabis Dispensary Insurance sector. There are a variety of different factors (e.g. cannabis laws and policies) that can affect the way your insurance works and how you and your business are covered.

The OG Cannabis Insurance blog keeps you up to date on cannabis insurance, laws and policies, and dispensary insurance news so you can be proactive on protecting yourself when the unexpected happens. We update our cannabis insurance blog regularly so check back soon for more posts!

Insurance for Cannabis Dispensary Businesses

Why You Need Insurance for Your Cannabis Business

Like any retail location, as soon as a dispensary opens its doors there is a risk from all angles. OG Cannabis Insurance covers and protects your cannabis operations from fire to theft to raids. Just take a moment to consider the ramifications of losing your inventory or suffering a damaging fire. You’ve invested your valuable resources, money, and time into your business and within minutes it could all be wiped out.

Benefits of Having Insurance for Your Dispensary

Marijuana dispensary insurance includes multiple areas of protection. With general liability covering bodily injury, property damage, cost of defense, and landlord additional insured endorsement, your investment has never been protected better. It also includes available $2 million occurrences and $2 million aggregate, limit damages to rented premises, medical limits, and defense outside the policy limits.

Product liability covers your inventory, including; scheduled cannabis, hemp, and CBD products, edibles, non-cannabis products, hemp, and CBD products, as well as equipment manufacturers. Product liability also includes both medical and recreational, $1 million occurrences / $2 million aggregate limit, retroactive date up to 5 years, product recall and product withdrawal, and duty to defend.

Property coverage can likely give you the most peace of mind of all. Covering dispensary inventory such as cannabis, edibles, CBD products, and non-cannabis products, business personal property, your building, tenants betterments and improvements, money and securities, outdoor property such as signs and fencing, personal effects of others, and even employee dishonesty. Property coverage also includes up to $10 million in coverage per locations, no sub-limit on theft, multiple deductible choices, and fire.

While many of the aspects of the cannabis industry are still in motion and of course starting out any business is a risky endeavor, but now you have a way to protect your investment just like every other California business owner does.